Regional Cities money recommended for 4 projects; one in Fort Wayne
The Northeast Indiana Regional Development Authority (RDA) has recommended Regional Cities Initiative funding for four projects in Northeast Indiana, including one in Fort Wayne.
The projects include:
• CASS Housing project in Fort Wayne for $200,000 of the total project cost of $1.1 million. The housing will be for adults with disabilities;
• Community Learning Center project in Kendallville in Noble County for $183,000 of the total project cost of $1.05 million;
• Hanna Nuttman Park Revitalization project in Decatur in Adams County for $50,000 of the total project cost of $3.6 million;
• Enterprise Center phase two in Angola in Steuben County for $100,000 of the total project cost of $668,260.
Previously, the Northeast Indiana RDA board was considering recommending a total of $250,000 to fund regional projects. However, through a combination of lower construction costs and additional fundraising from previously-approved projects as well as interest earned, the Northeast Indiana RDA board recommended a total of $533,000 to invest in transformational regional projects.
Gene Donaghy, president of the Northeast Indiana RDA board, said the board reviewed nine presentations from potential projects in Northeast Indiana in January.
“All nine projects were impressive, and it was a difficult decision for the board. However, we selected these four projects for Regional Cities Initiative funding because they have great potential for the transformative impact on their community and our 11-county region,” Donaghy said in a statement. “These four projects align with our Regional Cities Initiative goals for talent attraction and building national brand identity and Northeast Indiana’s Road to One Million plan.”
Craig Snow, vice president of the Northeast Indiana RDA board, said the board remains hopeful that it could continue to support the projects that have already been submitted to the RDA if other funding becomes available.
“While we are not accepting new proposals at this time, if there was more money to be found through a project or projects being under budget or returning interest, we could maybe make additional awards. We continue to look for other sources of funding, as well,” said Snow.
Now that the Northeast Indiana RDA board has recommended Regional Cities Initiative funding for the four projects, the application goes to the Indiana Economic Development Corporation (IEDC) for final approval. To date, the Northeast Indiana RDA board leveraged $42 million of state Regional Cities Initiative funding to generate over $264 million of total public-private investment in 28 quality of place projects in Northeast Indiana’s 11-county region.
To learn more, visit the website at www.neindiana.com/news.